UMH Properties (NYSE:UMH) Upgraded at StockNews.com

UMH Properties (NYSE:UMH) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also weighed in on UMH. Wedbush raised their target price on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. B. Riley lifted their price target on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.25.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $19.16 on Friday. The business has a 50-day moving average of $19.23 and a 200 day moving average of $17.73. UMH Properties has a 12 month low of $13.91 and a 12 month high of $20.64. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 147.40, a price-to-earnings-growth ratio of 3.54 and a beta of 1.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). The company had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same quarter in the previous year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that UMH Properties will post 0.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.63% of the stock is currently owned by corporate insiders.

Institutional Trading of UMH Properties

Large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of UMH Properties by 1.0% during the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock valued at $46,869,000 after acquiring an additional 29,320 shares during the last quarter. State Street Corp lifted its position in UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after buying an additional 863,089 shares during the period. Copeland Capital Management LLC lifted its position in UMH Properties by 0.3% during the third quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock worth $54,311,000 after buying an additional 8,946 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of UMH Properties by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after purchasing an additional 22,844 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after purchasing an additional 56,662 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.